16:46:19 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 87,680,726
Close 2023-10-26 C$ 0.235
Market Cap C$ 20,604,971
Recent Sedar Documents

West High Yield increases offering to $1.08-million

2023-10-26 18:42 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES EXTENSION AND UPSIZING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

Further to the news releases dated Sept. 13, 2023, Sept. 26, 2023, and Oct. 12, 2023, West High Yield (WHY) Resources Ltd. has received an extension from the TSX Venture Exchange with respect to the duration and size of its previously announced private placement offering of units.

The outside date for the final closing and filing of all final documentation in respect of the offering has been extended from Oct. 30, 2023, to Nov. 29, 2023. Furthermore, the company has increased the size of the offering from raising gross proceeds of up to $900,000 to gross proceeds of up to $1.08-million.

Each unit will continue to consist of one common share of the company and one common share purchase warrant. Each warrant, together with 35 cents, will entitle the holder thereof to acquire one additional common share for a period of 24 months from each warrant's date of issuance.

The offering remains subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

About West High Yield (WHY) Resources Ltd.

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica and nickel deposit using green processing techniques to minimize waste and carbon dioxide emissions.

The company's Record Ridge magnesium deposit located 10 kilometres southwest of Rossland, B.C., has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 (Standards of Disclosure for Mineral Projects) preliminary economic assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.

We seek Safe Harbor.

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